Chapter 14 - HR
Which federal law requires employers with 50 or more employees to provide up to 12 weeks of unpaid leave after childbirth or adoption?
Family and Medical Leave Act
What federal legislation includes incentives and penalties to encourage organizations to provide health insurance for their employees?
Patient Protection and Affordable Care Act
When a company undergoes the process of selecting employee benefits, it should _____.
establish written benefits objectives
True or false: Most tuition reimbursement programs will cover tuition for any type of college- or graduate-level course.
false
True or false: Spousal benefits only apply to a spouse of the opposite sex.
false
An employee with a preferred provider organization (PPO) health care plan would pay a smaller share of the cost of health services when using _____ health care provider.
an in-network
Paid vacation time and health insurance are both types of employee _____.
benefits
The government raises Social Security payments each year to adjust for inflation in the _____.
consumer price index
A typical objective most companies use when selecting employee benefits is _____.
controlling health care costs
Under some circumstances, an adult who is not a relative or spouse, is financially interdependent, and lives permanently with another adult can be legally defined as a __________ partner.
domestic
After retiring, workers are paid Social Security benefits according to their age and _____.
earnings history
When employees receive compensation that is not cash, the compensation is referred to as _____.
employee benefits
Research asking employees about their benefits has shown that _____.
employees underestimate the cost and value of benefits
Contributory retirement plans are funded by the _____.
employer and employee
Unemployment insurance is financed mostly via taxes on _____.
employers
After his son was born, John took three weeks of unpaid leave from his company. He returned to his regular full-paying job after the three weeks. Which type of family-friendly benefit did John use?
family leave
Which statements about paid time off in the United States are true?
he average number of paid vacation days is 23. Paid time off is NOT required by law. Many employees who are entitled to paid time off will NOT take all of it.
If Kenneth wants to benefit from his company health insurance, he is allowed to visit only doctors who are in the company's network of providers. This type of coverage is known as a _____.
health maintenance organization
What is a major drawback to cafeteria-style benefit plans?
higher administration costs
To be classified as a qualified plan for tax purposes, a pension plan _____.
must be available for lower-level employees, not only the owners and top managers
Retirement plans funded entirely by the employer are referred to as _____.
noncontributory plans
Which of the following is not a workers' compensation benefit?
paid vacation days
Benefits that are classified as _____ plans offer various tax advantages.
qualified
The benefits available to domestic partners do not have the same _____ as those received by spouses.
tax advantages
Companies should explain their benefits packages to employees so they will _____.
understand what their benefits are worth
Which of the following are major categories of paid leave?
vacation sick days holidays
Employees value benefits because they expect that benefits ______.
will help them remain financially secure
As a way to curtail the costs of unemployment insurance, some states let companies reduce wages and hours, and employees are paid partial unemployment benefits. This reduces the number of employees who must be laid off. The program is called _____.
work sharing
State programs that provide benefits to workers who suffer work-related injuries or sickness are called _____ laws.
workers' compensation
Under the Patient Protection and Affordable Care Act, organizations that have at least 50 full-time employees (or an equivalent number of full- and part-time employees) must offer health care coverage or pay a penalty. In 2018 the penalty amounted to ______.
$2,320 annually for every full-time employee after the first 30
According to federal law, employees are entitled to _____ weeks of unpaid family leave.
12
Under the Family and Medical Leave Act (FMLA), an employee may take up to _____ weeks off work without pay if a family member is injured during active military duty,
26
Of every dollar spent on employee compensation, about how much pays for benefits?
30 cents
Which benefits are provided to almost 90% of full-time employees?
Health care insurance
Some companies provide _________ reimbursement programs to encourage employees to take classes to improve knowledge and skills related to their career.
Tuition
Which of the following is not typically covered as part of basic medical insurance coverage?
Vision care
Why should employers tell their workers the details about what is included in their benefits packages?
Highly desirable employees will be more apt to work for a company that offers valuable benefits that are easy to understand. Health insurance and retirement plans are complex and difficult for most employees to fully understand. Employees often fail to understand the value of their benefits.
A plan that allows employees to choose what they want from a list of available benefits is called a _____ plan.
cafeteria-style
Which of the following describe a health maintenance organization (HMO)?
Physicians work on salary instead of being paid a fee for each service. The patient pays nothing at the time of service, because premiums cover all visits and procedures in advance. Patients are allowed to see only medical personnel who are affiliated with the HMO.
Which type of health care plan contracts with health care professionals to offer services at lower rates?
Preferred provider organization (PPO)
Which act requires that employers treat pregnancy as it would any other disability?
Pregnancy Discrimination Act
